Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech

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Description: The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. Source: CNBC.com Date: Sep 18, 2020 Link: https://www.cnbc.com/2020/09/18/chime-is-now-worth-14point5-billion-surging-past-robinhood-as-the-most-valuable-us-consumer-fintech-.html Questions for discussion: What does the report say to help explain the success of… Read more »

Opinion: Want to retire rich? Start by unlearning some conventional wisdom

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Description: To manage our money better, often we don’t need to know more. Instead, we need to unlearn what we think we already know. Source: MarketWatch.com Date: Sep 18, 2020 Link: https://www.marketwatch.com/story/want-to-retire-rich-start-by-unlearning-some-conventional-wisdom-11600439080?mod=home-page Questions for discussion: What does the report say about investor thinking? What are your thoughts on the comments in the article?

Facebook Stock Sits on Key Support – Here’s the Trade

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Description: Facebook stock is sitting on a critical level of support. Should it fail, it could usher in lower prices. If it holds, here’s what bulls will need to see next. Source: TheStreet.com – video report Date: Sep 18, 2020 Link: https://www.thestreet.com/investing/trading-facebook-fb-stock-pullback Questions for discussion: What does the report say about the technical side of… Read more »

CIBC cuts portfolio managers, analysts, traders in drive for 5% reduction in staff

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Description: Many banks restarting job cuts put on hold during early days of pandemic Source: Bloomberg.com/FinancialPost.com – video report Date: Sep 18, 2020 Link: https://financialpost.com/news/fp-street/cibc-cuts-portfolio-managers-traders-in-drive-for-5-reduction/wcm/561ea7e5-db46-49e8-bf6e-c9b4cc365c8e/ Questions for discussion: What does this retrenchment mean for the industry? Why is it happening?

The holiday shopping season could start on 10/10/2020 with retailers hopeful that consumers will turn out early

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Description: Forget Thanksgiving Day. The start to the holiday shopping season could be October 10, or 10/10/2020, according to Keith Jelinek, managing director in the retail practice at global consultancy Berkeley Research Group. Source: MarketWatch.com Date: Sep 16, 2020 Link: https://www.marketwatch.com/story/the-holiday-shopping-season-could-start-on-10-10-2020-with-retailers-hopeful-that-consumers-will-turn-out-early-11600197849?mod=home-page Questions for discussion: What is the basis for these notions of an earlier start… Read more »

Singapore to Pay Citizens for Keeping Healthy With Apple Watch

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Description: Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behavior through the Apple Watch gadget and an iPhone app. Source: Bloomberg.com – video report Date: Sep 15, 2020 Link: https://www.bloomberg.com/news/articles/2020-09-16/singapore-to-pay-citizens-for-keeping-healthy-with-apple-watch?srnd=premium-canada Questions for discussion: Describe the partnership plan between Apple, government,… Read more »

Citigroup’s Fraser to Be First Woman to Lead a Big Wall Street Bank

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Description: Jane Fraser, Citigroup’s president, will replace Michael Corbat as chief executive in February as he retires after eight years. Source: NYTimes.com Date: Sep 10, 2020 Link: https://www.nytimes.com/2020/09/10/business/citigroup-ceo-jane-fraser.html Questions for discussion: What does the report say about the changing attitude towards women in this sector? What are your thoughts on the subject?

How Etsy built a nearly $14 billion handmade empire

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Description: If it’s handmade or over 20 years old, there’s a good chance you can find it on Etsy, the go-to online marketplace for handcrafted and vintage goods. Source: CNBC.com – video report Date: Sep 05, 2020 Link: https://www.cnbc.com/2020/09/05/how-etsy-built-a-handmade-empire.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: How would you describe Etsy’s business model? Summarize the evolution of the firm’s… Read more »

Telemedicine

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Description: When the coronavirus hit, medical practitioners started ramping up their virtual offerings – notably appointments via videoconferencing apps such as FaceTime and Zoom – as a way to continue caring for patients and keep their businesses alive. Source: Bloomberg.com Date: Sep 12, 2020 Link: https://www.bloomberg.com/quicktake/telemedicine?srnd=businessweek-v2 Questions for discussion: What does the report say about… Read more »

Tesla Won’t Be Joining the S&P 500

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Description: The S&P Dow Jones Indices announced changes to the S&P 500 index, effective at the open of trading Sept. 21. The addition list did not include Tesla  (TSLA) – Get Report, which was in the running to join the elite index. Source: TheStreet.com – video report Date: Sep 04, 2020 Link: https://www.thestreet.com/investing/tesla-wont-be-joining-the-s-and-p-500?jwsource=cl Questions for discussion: What… Read more »